Oil prices rise on pipeline fire 1:00...

Oil prices rise on pipeline fire 1:00PM ET

There are 1 comment on the BusinessWeek story from Nov 29, 2007, titled Oil prices rise on pipeline fire 1:00PM ET. In it, BusinessWeek reports that:

Oil prices rose Thursday, but retreated from earlier highs, after a pipeline that has the capacity to supply 17 percent of domestic crude imports appeared close to returning to service following an overnight ...

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United States

#1 Nov 29, 2007
Why would the oil price rise when this pipeline was on shutdown in the first place. There was not any significant loss, and only the other pipelines near the one that was shut off came back online withing 12 hours. Frickin money grubbing oil companies

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